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Makes RF chips (power amplifiers, filters) for smartphones and connected devices, with Apple as its largest customer.
Makes RF chips (power amplifiers, filters) for smartphones and connected devices, with Apple as its largest customer.
Sells RF chips and modules to phone makers, designed in for each phone model and paid per unit, so revenue follows the launch calendars of Apple and a few Android makers; a broad-markets arm sells similar parts for cars, industrial and infrastructure. It makes much of its output in its own factories. In 2025 it agreed to merge with Qorvo, a rival RF chipmaker.
Moat: narrow (IP / patents, customer qualification, scale). Deep RF design-in with Apple and scale in filter/PA manufacturing, but heavy customer concentration limits pricing power.
Headquarters: Irvine, California, United States · Founded: 1962
Size Skyworks Solutions (SWKS) is a United States Information Technology company (Semiconductors) with a market value of $19.3B, the 506th largest of 3,117 United States companies the cockpit tracks. Shares closed at $82.19 on 6 Nov 2026.
Performance Over six months the shares gained 24.1%, against -17.4% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue fell 3.1% over the last twelve months (peer median +25.6%); the operating margin is 8.6% (peer median 18.6%).
Valuation It trades at 14.3× forward earnings against a peer median of 31.4× (5th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 39% a year for seven years (Req g). Recent delivered growth is -5%, so the hurdle is +44 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.8 points below its cost of capital (11.6% WACC).
Credit Skyworks Solutions has 6 bonds outstanding ($3.92B), rated BBB- by the agencies and trading like BBB- at a weighted spread of 125 bp.
Short interest Short interest is 9.5% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $3.96B | $3.96B | $4.09B | $4.18B | $4.77B |
| Revenue growth | — | -3% | -2% | -12% | — |
| Gross profit | $1.61B | $1.61B | $1.68B | $1.72B | $2.12B |
| EBITDA | $803M | $803M | $987M | $1.24B | $1.81B |
| Net income | $172M | $172M | $477M | $596M | $983M |
| Free cash flow | $223M | $223M | $1.11B | $1.67B | $1.65B |
| Capital expenditure | $351M | $351M | $225M | $183M | $236M |
| Total debt | $2.47B | $2.47B | $1.20B | $1.20B | $1.51B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Skyworks Solutions SWKS | $19.3B | +24% | -3% | 9% | 14.3× | 39.4% |
| Qorvo QRVO | n/a | +45% | n/a | n/a | n/a | n/a |
| Qualcomm QCOM | $177B | -24% | +2% | 24% | 17.0× | 15.9% |
| Broadcom AVGO | $1.40T | -32% | +49% | 49% | 16.9× | 26.6% |
| Murata Manufacturing 6981.T | $57.1B | -5% | +15% | 20% | 23.0× | 29.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SWKS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.8% | -21.0% | 3rd highest of 21 |
| 6-month return | +24.1% | -17.4% | 3rd highest of 20 |
| Distance from 52-week high | -11.4% | -51.4% | highest of 21 |
| Revenue growth (TTM) | -3.1% | +25.6% | lowest of 20 |
| Operating margin | 8.6% | 18.6% | 3rd lowest of 19 |
| Forward P/E | 14.3× | 31.4× | 5th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 39.4% | 25.4% | 5th most demanding of 13 |
| Growth delivered (Del g) | -5.0% | +14.3% | lowest of 13 |
| Hurdle (Req g minus delivered) | +44.4 pp | +0.3 pp | most demanding of 13 |
| ROIC minus cost of capital | -6.8 pp | +4.4 pp | 5th lowest of 19 |
| EV / EBITDA | 23.9× | 28.5× | 5th cheapest of 9 |
| Net debt / EBITDA | -0.2× | -0.5× | 3rd most indebted of 10 |
| Bond spread | 125 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Skyworks Solutions SWKS | United States | $19.3B | +24% | -3% | 9% | 14.3× | 39.4% | -5.0% |
| DapuStor 301666.SZ | China | $18.8B | +20% | +611% | 23% | n/a | n/a | n/a |
| Suzhou TFC Optical Communication 300394.SZ | China | $19.9B | -44% | +26% | 51% | 36.3× | 44.8% | +42.7% |
| GlobalFoundries GFS | United States | $21.2B | -48% | +1% | 12% | 16.2× | 24.9% | +7.0% |
| First Solar FSLR | United States | $21.6B | -9% | -1% | 39% | 9.2× | 12.4% | +14.0% |
| Piotech 688072.SS | China | $21.7B | +23% | +24% | 14% | 55.5× | 43.5% | +71.7% |
| Winbond Electronic 2344.TW | Taiwan | $16.4B | +22% | +154% | 43% | 2.8× | 0.6% | +8.1% |
| SJ Semiconductor 688820.SS | China | $22.9B | -21% | +1% | n/a | 136.4× | n/a | n/a |
| MACOM Technology Solutions MTSI | United States | $16.1B | -41% | +28% | 18% | 23.2× | 49.4% | +12.8% |
| OmniVision Integrated Circuits 603501.SS | China | $16.1B | -12% | +2% | 13% | 31.4× | n/a | n/a |
| Shanghai Enflame Technology 688801.SS | China | $23.8B | n/a | n/a | n/a | n/a | n/a | n/a |
| Tower Semiconductor TSEM | United States | $15.6B | -35% | +22% | 19% | 21.6× | 25.9% | +4.4% |
| Montage Technology 6809.HK | Hong Kong | $24.1B | -49% | +40% | 42% | 45.8× | 8.1% | +23.6% |
| Hwatsing Technology 688120.SS | China | $15.4B | +42% | +36% | 18% | 63.8× | 41.8% | +64.4% |
| ON Semiconductor ON | United States | $24.6B | -39% | +3% | 19% | 14.3× | 20.0% | +2.7% |
| Lattice Semiconductor LSCC | United States | $14.9B | -17% | +63% | 13% | 26.2× | n/a | n/a |
| Moore Threads Technology 688795.SS | China | $25.1B | -53% | +226% | -9% | n/a | n/a | n/a |
| Technoprobe TPRO.MI | Italy | $14.9B | +5% | +22% | 30% | 38.4× | 36.4% | +14.6% |
| GigaDevice Semiconductor 3986.HK | Hong Kong | $25.1B | -43% | +181% | 50% | 11.6× | -8.8% | +14.6% |
| Global Unichip 3443.TW | Taiwan | $25.1B | +29% | +104% | 13% | 50.1× | n/a | n/a |
| Hua Hong Grace Semiconductor 688347.SS | China | $25.5B | +23% | +18% | -2% | 234.7× | n/a | n/a |
Skyworks Solutions has 6 bonds outstanding with $3.92B face value. The agencies rate it BBB-; its bonds trade like BBB-. Weighted yield 5.85%, a spread of 125 bp over government bonds.